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C3.ai Shares Tumble as Deutsche Bank Tells Investors to Sell the Stock

C3.ai shares are taking a beating Friday, pressured by a negative research note from Deutsche Bank analyst Patrick Colville, who cut his rating on the stock to Sell from Hold, with a new price target of $18, down from $36. A provider of artificial intelligence software applications for enterprise customers, C3.ai (ticker: AI) posted financial results earlier this week that were generally well received. For the January quarter, the company posted revenue of $69.8 million, up 42% from a year ago, and ahead of both the company’s outlook range of $66 million to $68 million, and the Street consensus projection for $66.8 million.

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